Corporate Governance

The role of the Board is to determine the company’s policy and strategy, to monitor the attainment of business objectives and to ensure that the company meets its obligations to the shareholders. The directors are also responsible for overseeing the group’s internal control systems. These controls are designed both to safeguard the group’s assets and to ensure the reliability of the financial information used within the business.
Your Board is committed to ensuring that the group adheres to the highest standards of corporate governance and has the following Board Committees:-

  1. Nomination Committee, which is responsible for executive and non-executive board appointments. Mr G M Wilkinson chairs the committee which has Mr W D Kiboro, Mr A Poonawala, Mr L Huebner and Mr L W Gitahi as members.
  2. Finance and Audit Committee, whose main duties are to ensure that the systems of internal controls are effectively administered, to define the responsibilities of the internal auditors, liase with the external auditors and to review the interim results and financial statements. Mr J Lee chairs the committee which has Mr A Poonawala, Mr A Mufuruki and Dr M J Aliker as members.
  3. Strategic Planning Committee, which reviews the group’s medium and long term strategic aims and direction. Mr L Huebner chairs the committee which has Mr J Lee, Mr G M Wilkinson, Dr M J Aliker, Mr W D Kiboro and Mr L W Gitahi as members.
  4. Editorial Committee, which considers and advises on the group editorial policy, the journalistic code of ethics and legal responsibilities. Mr F Okello chairs the committee which has Mr A Bekah, Mr W D Kiboro and Ms V Unwin as members.
  5. Remuneration Committee, is charged with the responsibility of considering human resource policies and recommending non executive directors and senior executives remuneration to the Board. Mr A Mufuruki chairs the committee which has Mr J Lee, Mr F Okello, Mr A Bekah and Ms V Unwin as members.

There is a clearly defined organisational structure within which individual responsibilities are identified in relation to internal financial controls. The structure is complemented by policies and management operates the business in compliance with these policies.
The Group Chief Executive chairs the Executive Team which comprises the executive directors and other senior executives of the company. The team deals with operational matters and co-ordinates activities across the group’s various subsidiary companies and divisions.